€71M For French Companies In Ukraine Reconstruction
Fonds Ukraine II co-finances French companies delivering critical infrastructure projects in Ukraine. Managed by the French Treasury with Bpifrance export credit support. Priority to companies establishing long-term physical presence in Ukraine.
What Is Fonds Ukraine II?
France's Ukraine Fund II is the second round of French government co-financing for critical infrastructure reconstruction. Fund I was oversubscribed 3x, confirming strong demand. The programme sits within a broader €1B Bpifrance export credit envelope that includes insurance and investment guarantees for French companies operating in Ukraine.
Eligible Sectors
- Health / hospitals
- Water and irrigation
- Sanitation / waste treatment
- Housing
- Energy infrastructure
- Agriculture
- Mine clearance
- Digital technology
Is This For You?
You Qualify If
- Your company is French
- At least 50% of project components are of French origin
- Your project responds to an official Ukrainian government request
- You intend to establish long-term physical presence in Ukraine
Not For You If
- Your company is not French
- French content is below 50%
- Your project is military/defence (civil only)
- You have no Ukrainian government backing for the project
Frequently Asked
How does Fund I compare?
Fund I (€200M, 2024) is fully committed — 19 projects financed. Applications exceeded funding 3x. Fund II was replenished with €71M on 19 February 2026.
How do I apply?
Download the application template from the French Treasury website. Submit by email to FondsUkraine@dgtresor.gouv.fr before April 9, 2026. Weekly Teams Q&A webinars are available for guidance.
What about AFD programmes?
AFD (Agence Française de Développement) runs a separate €400M loans + €50M grants programme for urban infrastructure and essential services. Tenders at tenders-afd.dgmarket.com.
Can non-French EU companies participate?
Not as lead applicants. Non-French companies could potentially be subcontractors if the 50% French-origin requirement is met overall.
What is the selection process?
French project-support committee reviews submissions, then Ukrainian Strategic Investment Committee selects projects. French committee grants final financing. Implementation in 2027.
Check Your Eligibility
Describe your French-Ukrainian project and we'll assess your Fund II eligibility.
Deadline:
April 9, 2026
French company with Ukraine ambitions? Act now.